Citigroup Downgrades Oshkosh (NYSE:OSK) to Neutral

Oshkosh (NYSE:OSK) was downgraded by equities research analysts at Citigroup from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Monday. They currently have a $170.00 target price on the stock. Citigroup’s price objective would suggest a potential upside of 11.99% from the company’s current price.

A number of other research firms also recently weighed in on OSK. Robert W. Baird set a $182.00 price target on Oshkosh in a research note on Friday, January 30th. UBS Group increased their price target on Oshkosh from $167.00 to $197.00 and gave the company a “buy” rating in a research note on Friday, March 6th. Zacks Research raised Oshkosh from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 5th. Bank of America raised Oshkosh from an “underperform” rating to a “neutral” rating and set a $149.00 price objective on the stock in a research note on Tuesday, February 3rd. Finally, Sanford C. Bernstein set a $138.00 price objective on Oshkosh in a research note on Thursday. Twelve research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Oshkosh presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.56.

Oshkosh Stock Performance

OSK stock opened at $151.80 on Monday. The business’s fifty day moving average is $158.35 and its 200-day moving average is $141.99. The company has a quick ratio of 1.05, a current ratio of 1.94 and a debt-to-equity ratio of 0.24. The company has a market cap of $9.51 billion, a P/E ratio of 15.15, a price-to-earnings-growth ratio of 0.78 and a beta of 1.39. Oshkosh has a twelve month low of $80.29 and a twelve month high of $180.49.

Oshkosh (NYSE:OSK) last posted its quarterly earnings results on Thursday, January 29th. The company reported $2.26 earnings per share for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.07). The company had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.60 billion. Oshkosh had a net margin of 6.21% and a return on equity of 15.69%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the company earned $2.58 EPS. Equities research analysts forecast that Oshkosh will post 10.96 EPS for the current year.

Insider Transactions at Oshkosh

In other Oshkosh news, SVP Anupam Khare sold 4,000 shares of the stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $169.07, for a total transaction of $676,280.00. Following the completion of the transaction, the senior vice president owned 13,577 shares in the company, valued at approximately $2,295,463.39. This represents a 22.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.64% of the company’s stock.

Hedge Funds Weigh In On Oshkosh

A number of large investors have recently added to or reduced their stakes in the company. Sivia Capital Partners LLC increased its holdings in Oshkosh by 2.8% during the 3rd quarter. Sivia Capital Partners LLC now owns 2,946 shares of the company’s stock worth $382,000 after purchasing an additional 81 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of Oshkosh by 11.7% in the 4th quarter. IFP Advisors Inc now owns 838 shares of the company’s stock valued at $105,000 after acquiring an additional 88 shares in the last quarter. Groupama Asset Managment grew its holdings in shares of Oshkosh by 1.7% in the 4th quarter. Groupama Asset Managment now owns 5,409 shares of the company’s stock valued at $680,000 after acquiring an additional 93 shares in the last quarter. HB Wealth Management LLC grew its holdings in shares of Oshkosh by 4.1% in the 4th quarter. HB Wealth Management LLC now owns 2,502 shares of the company’s stock valued at $314,000 after acquiring an additional 98 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Oshkosh by 6.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,763 shares of the company’s stock valued at $200,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 92.36% of the company’s stock.

About Oshkosh

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.